Year 1 2 3 4 5

Free Cash Flow $23 million $24 million $29 million $32 million $32 million

XYZ Industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 1% per year. If the weighted average cost of capital is 7% and XYZ has cash of $14 million, debt of $42 million, and 60 million shares outstanding, what is General Industries' expected current share price? Round to the nearest one-hundredth.